Berita Arkib

MUMBAI, May 6 (Reuters) - Indian edible oil refiners are curtailing palm oil imports for May and June as most states have imposed curbs on hotels and restaurants to arrest rising coronavirus infections, denting institutional demand, industry officials said.

KUALA LUMPUR, May 6 - Malaysia's crude palm oil contract for May delivery jumped to record high of 4,704 ringgit ($1,140.92) a tonne on Thursday, as a squeeze in global edible oils supplies spurred a rally in agricultural markets.

KUALA LUMPUR (May 6): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) closed higher today, boosted by the stronger soybean oil performance on the US Chicago Board of Trade (CBOT).

SINGAPORE: Palm oil may break a resistance at 4,098 ringgit per tonne and rise into a range of 4,130-4,169 ringgit. The corrections triggered by this barrier became shallower. This is a bullish signal that the resistance is weaker under repeated attacks by bulls.

Malaysia and Indonesia, perturbed by the government’s decision to slap a ban on palm oil imports, have asked for the removal of it, Mirror Business learns.

Rapeseed oil (RSO) exports from EU countries continued to accelerate in April, supported by strong international demand and firmer prices for substitute vegetable oils.

The climate, soil type, and manpower in Kogi State favour oil palm farming, especially in the Igala-speaking area of the Eastern Senatorial district. The government knew this and so since 1973, projects after projects were inaugurated to boost oil palm farming. But none succeeded until a solution-oriented civil society organisation, CSO, arrived with a model that placed the smallholder farmers at its core. James Audu, one of the benefitting smallholder oil palm farmers in Ofante, Dekina Local Government Area, has not only improved yield, but also invested in the whole value chain— oil palm milling, cassava milling, and livestock farming.

KUALA LUMPUR: CGS-CIMB has maintained its “neutral” rating on the country’s agribusiness sector following mixed indicators in the crude palm oil (CPO) stocks, production and exports. A survey by CGS-CIMB Futures said Malaysia’s CPO output up 6.8% month-on-month (m-o-m) to 1.52 million tonnes in April 2021, while palm oil exports likely grew 12.5% m-o-m based on export statistics by cargo surveyors.

THE country’s crude palm oil (CPO) inventory is expected to ease in April to around 1.5 million tonnes compared to the 2.04 million tonnes in the same month last year, despite production starting to ramp up.

KUALA LUMPUR: Palm oil fluctuated as investors weighed the bullish impact of the relentless rally in global farm commodities with increasing stockpiles of the tropical oil in second-biggest grower Malaysia.

KUALA LUMPUR (May 5): Malaysia's palm oil stockpile in April likely inched lower despite production rising to a six-month high, hampered by robust exports and plummeting imports, a Reuters survey showed on Wednesday.

KUALA LUMPUR (May 5): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) closed mostly higher today, lifted by positive sentiment over strong export demand, palm oil trader David Ng said.